BITCOIN BLACK FRIDAY IS COMING!
Keep an eye out for news on cryptocurrency-focused portals on the following topics:
• Bitcoin Double Top
• US Interest Rates and their Impact on Bitcoin
The Bitcoin chart recently showed a double top pattern, a technical formation that historically suggests a possible price correction. Analysts speculate that the price could fall to the $75,000 range. However, it is important to note that the 200-day moving average often acts as a significant support. Many investors, including myself, use this reference as a strategic buying point.
Regarding interest rates in the United States, a Federal Reserve meeting is scheduled for the 29th of this month. On these occasions, especially during interest rate audits at the end of the month, Bitcoin tends to be volatile, either with drops or sideways movements.
Study the market, analyze the scenarios and avoid impulsive decisions. Remember: patience is essential in the investment universe. There is no need to rush – the market will be here tomorrow.
Finally, it is worth emphasizing: Bitcoin is not a casino. Invest wisely.